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Oncomed: Bayer terminates licensing option

April 10, 2017

*Oncomed Pharmaceuticals announces Bayer terminates its option to license vantictumab or ipafricept

* Oncomed – Bayer Pharma notified co of decision not to exercise option to license WNT pathway inhibitors vantictumab, ipafricept for strategic reasons

* Oncomed – Effective June 2017, co to retain worldwide development & commercialization rights to vantictumab, ipafricept, WNT pathway biologics

* Oncomed Pharmaceuticals Inc – small molecule program under companies’ collaboration continues without change

* Oncomed – will be conducting internal portfolio review and prioritization to determine next steps for all programs, including vantictumab, ipafricept

http://reut.rs/2oYm6Vt

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